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Fincash » Reliance Small Cap Vs Reliance Focused Equity Fund

Reliance Small Cap Fund Vs Reliance Focused Equity Fund

Updated on November 16, 2019 , 131 views

Reliance Small Cap Fund and Reliance Mid & Small Cap Fund both belong to the Mid & Small Cap category of Equity Funds. mid cap funds invest their corpus in shares of mid sized companies while Small cap funds invest their corpus in shares of start-ups or small sized companies. These schemes are considered to be a good option for long-term investment. Mid-cap companies have a market capitalization between INR 500 – INR 10,000 Crores while for small-cap companies it's less than INR 500 Crores. Though both Reliance Small Cap Fund and Reliance Mid & Small Cap Fund belong to the same category of Mid & Small-cap Fund yet, there exists a difference between both the schemes. So, let us understand the differences between both the schemes.

Reliance Small Cap Fund

Reliance Mutual Fund manages and offers Reliance Small Cap Fund. This open-ended small-cap fund was incepted on September 16, 2010. The investment objective of this scheme is divided into two parts. The primary objective is to attain long-term capital growth by Investing primarily in shares of small-cap companies. While the secondary objective is to generate consistent returns by investing in debt and money market securities. Reliance Small Cap Fund is jointly managed by Mr. Samir Rachh and Mr. Dhrumil Shah. As on March 31, 2018, some of the top holdings of Reliance Small Cap Fund included Navin Fluorine International Limited, Deepak Nitrite Limited, RBL Bank Limited, VIP Industries Limited, and Zydus Wellness Limited.

Reliance Focused Equity Fund

(Erstwhile Reliance Mid & Small Cap Fund)

Reliance Mutual Fund also offers another scheme titled Reliance Mid & Small Cap Fund under Mid & Small Cap Category. This open-ended scheme was launched in the year 2006. The fund manager managing Reliance Mid & Small Cap Fund is Mr. Samir Rachh. The objective of the scheme is to attain long-term capital growth and long-term capital opportunities. The scheme tries to attain the objective by investing in shares of mid and small cap companies. As on March 31, 2018, some of the top holdings of Reliance Mid & Small Cap Fund’s portfolio consisted of HDFC Bank Limited, GE Power India Limited, The India Cements Limited, NCC Limited, and Muthoot Finance Limited. As per the scheme’s objectives, it invests around 50-70% in shares of mid-cap companies and the remaining in shares of small-cap companies. Reliance Mid & Small Cap Fund uses S&P BSE MidSmallCap Index to build its portfolio.

Reliance Small Cap Fund Vs Reliance Focused Equity Fund

The various comparable elements in case of Reliance Small Cap Fund Vs Reliance Mid & Small Cap Fund are classified into four sections. They are basics section, performance section, yearly performance section and other details section. So, let us understand the differences between both the schemes based on these sections.

Basics Section

The comparable elements that form part of basics section include current NAV, scheme category, and Fincash Rating. To being with the scheme category, it can be said that both the schemes belong to the same category, that is, Mid & Small-Cap. The comparison of current NAV reveals that both the schemes have almost similar NAV. As on April 20, 2018, the NAV of Reliance Small Cap Fund was approximately INR 46 while of Reliance Mid & Small Cap Fund was approximately INR 47. The next comparable factor is, Fincash Rating, which reveals that Reliance Small Cap Fund is rated as 4-Star and Reliance Mid & Small Cap Fund is rated as 2-Star. The summary of the comparable elements forming part of basics section is tabulated as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Reliance Small Cap Fund
Growth
Fund Details
₹38.2696 ↑ 0.03   (0.08 %)
₹8,114 on 30 Sep 19
16 Sep 10
Equity
Small Cap
6
Moderately High
2.49
-0.39
1.49
2.61
Not Available
0-1 Years (1%),1 Years and above(NIL)
Reliance Focused Equity Fund
Growth
Fund Details
₹46.4809 ↓ -0.08   (-0.17 %)
₹4,123 on 30 Sep 19
26 Dec 06
Equity
Focused
30
Moderately High
2.23
0.04
-0.72
-0.66
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

It is the second section in the comparison of both the schemes. It compares the Compounded Annual Growth Rate or CAGR returns of both the schemes. These returns are compared at various time intervals such as 1 Month Return, 6 Month Return, 3 Year Return and Returns Since Inception. The holistic comparison of the performance section reveals that in almost all the instances, Reliance Small Cap Fund has performed better as compared to Reliance Mid & Small Cap Fund. The table given below compares the performance section between both the schemes.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Reliance Small Cap Fund
Growth
Fund Details
2.4%
8.9%
-0.3%
-3.7%
10.3%
10.3%
15.8%
Reliance Focused Equity Fund
Growth
Fund Details
3.7%
8.5%
0.2%
6.9%
8.9%
8.4%
12.7%

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Yearly Performance Section

Yearly Performance Section is the third section in the comparison of both the schemes that compares the absolute returns generated by both the schemes for a particular year. The comparison of yearly performance section also reveals that for almost all the years, the performance of Reliance Small Cap Fund is better than the performance of Reliance Mid & Small Cap Fund. The summary comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Reliance Small Cap Fund
Growth
Fund Details
-16.7%
63%
5.6%
15.1%
97.6%
Reliance Focused Equity Fund
Growth
Fund Details
-12.7%
42.7%
2.9%
8.3%
81.5%

Other Details Section

Other Details Section is the last section in the comparison of both the schemes. The parameters that form part of the other details section include the AUM, minimum SIP and lump sum investment, and others. To begin with the AUM, it can be said that there is a drastic difference between the AUM of both the schemes. As on March 31, 2018, the AUM of Reliance Small Cap Fund is INR 6,545 Crores and of Reliance Mid & Small Cap Fund is INR 3,136 Crores. The minimum SIP and lumpsum investment for Reliance Small Cap Fund and Reliance Mid & Small Cap Fund both are same. The minimum SIP amount for both the schemes is INR 100 while the minimum lumpsum amount is INR 5,000. The summary comparison of other details section is tabulated as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Reliance Small Cap Fund
Growth
Fund Details
₹100
₹5,000
Samir Rachh - 2.83 Yr.
Reliance Focused Equity Fund
Growth
Fund Details
₹100
₹5,000
Vinay Sharma - 1.4 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Reliance Small Cap Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,709
31 Oct 16₹14,144
31 Oct 17₹18,825
31 Oct 18₹17,138
31 Oct 19₹16,931
Growth of 10,000 investment over the years.
Reliance Focused Equity Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,198
31 Oct 16₹13,387
31 Oct 17₹15,962
31 Oct 18₹14,205
31 Oct 19₹15,509

Detailed Assets & Holdings Comparison

Asset Allocation
Reliance Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.5%
Equity95.27%
Other0.23%
Equity Sector Allocation
SectorValue
Basic Materials22.23%
Industrials18.94%
Consumer Cyclical16.52%
Financial Services12.91%
Consumer Defensive10.04%
Technology7.02%
Health Care3.32%
Utility1.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Triparty Repo
CBLO/Reverse Repo | -
4%₹335 Cr
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Dec 16 | 506401
3%₹231 Cr7,723,172
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 19 | 541770
2%₹182 Cr2,769,370
↑ 105,100
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | HDFCBANK
2%₹178 Cr1,448,646
↑ 700,000
Zydus Wellness Ltd (Consumer Defensive)
Equity, Since 31 Aug 16 | 531335
2%₹165 Cr967,400
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | 540762
2%₹164 Cr4,276,100
Orient Electric Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 May 18 | 541301
2%₹159 Cr9,574,898
↑ 8,600
VIP Industries Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | 507880
2%₹156 Cr3,249,070
Affle India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | 542752
2%₹149 Cr1,321,014
↑ 33,600
Tata Global Beverages Ltd (Consumer Defensive)
Equity, Since 31 May 19 | 500800
2%₹135 Cr4,896,099
↑ 897,849
Asset Allocation
Reliance Focused Equity Fund
Growth
Fund Details
Asset ClassValue
Cash4.19%
Equity95.38%
Other0.43%
Equity Sector Allocation
SectorValue
Financial Services31.96%
Industrials17.6%
Technology15.08%
Consumer Cyclical9.74%
Consumer Defensive8.33%
Utility5.24%
Health Care3.9%
Communication Services2.1%
Basic Materials1.43%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
8%₹324 Cr7,476,100
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | HDFCBANK
8%₹321 Cr2,612,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 18 | ITC
6%₹263 Cr10,110,000
↑ 500,000
State Bank of India (Financial Services)
Equity, Since 28 Feb 17 | SBIN
6%₹228 Cr8,414,875
↑ 500,000
GAIL (India) Ltd (Utilities)
Equity, Since 30 Apr 18 | 532155
5%₹199 Cr14,827,808
↓ -721,000
Biocon Ltd (Healthcare)
Equity, Since 30 Apr 19 | 532523
4%₹165 Cr7,391,134
↑ 387,578
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 18 | LT
4%₹161 Cr1,089,970
Triparty Repo
CBLO/Reverse Repo | -
4%₹153 Cr
Motherson Sumi Systems Ltd (Consumer Cyclical)
Equity, Since 31 Jul 18 | MOTHERSUMI
4%₹150 Cr14,308,566
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | 532215
4%₹147 Cr2,149,964
↑ 92,964

Thus, to conclude in a nutshell, it can be said that Reliance Small Cap Fund and Reliance Mid & Small Cap Fund differ on numerous parameters. Therefore, individuals should be careful before investing in any of the schemes. In addition, they should check whether the scheme objective matches their investment objective or not. If required, individuals can even take the opinion of financial consultant. This will help them to attain their objectives on time in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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